The consolidated forecast is prepared based on the individual forecasts submitted by each school or department.
All schools and departments are required to prepare forecasts throughout the year. The forecast must be completed and submitted in the TM1 Forecast module by the specific due dates provided. Each year’s specific deadlines for these forecasts can be found in the Calendar section in .
The forecast process should include a review of the current budget and actuals and identify any changes that were not considered in the budget but need to be considered in the forecast if expected to materialize in the year.